National Debt, Smashional Debt. Who Cares? | Hn 258

On this crossover episode, Adam Haman and economist Bob Murphy take a good hard look at the US government's nearly $40 trillion in debt. The number keeps growing and growing. Shouldn't we do something about it before we drown? Details inside!00:00 — Intro. Bob's written a soon-to-be-released article about the US debt. Let's talk about it!00:58 — Of the $40 trillion, how much is held "by the public"? Who holds the rest?09:28 — What's the relationship of US debt to US Gross Domestic Product? 15:36 — So much of federal spending is "mandatory". What can be done?19:11 — Is all government debt "irresponsible"? 31:45 — What's the problem with debt? After all, "we owe it to ourselves"!44:15 — What if we just literally default on all this debt? Is there any other way out of this? What about all those unfunded liabilities from Social Security and Medicare?1:08:09 — Outro and final thoughts. Thank you for supporting Haman Nature!Sponsor mentioned: https://ScottHortonAcademy.com/crossoverHaman Nature Merch Store: https://shop.hamannature.comAdam on X: https://x.com/Rerazer Bob on X: https://x.com/BobMurphyEcon The Bob Murphy Show: https://www.bobmurphyshow.com/ Adam’s other show: https://naturalorderpodcast.com This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit hamannature.substack.com/subscribe